Mazagon Dock shares rise over 2% as profit soars 28% YoY to ₹749 crore; interim dividend declared

At around 9:24 am, the stock was trading 1.47% higher at ₹2,851.80 per equity share.

The firm posted a 28.1% year-on-year (YoY) increase in its consolidated net profit to ₹749.48 crore during the quarter under review.

In the corresponding period of the previous fiscal year, it had clocked a profit of ₹585.08 crore, it said in a regulatory filing late on Monday evening.

The shipbuilding company’s revenue from operations witnessed a 6.25% YoY surge to ₹2,929.24 crore in the September quarter of FY26, as against ₹2,756.83 crore in the second quarter of FY25 (Q2FY25).

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation) stood at ₹965 crore during the quarter, marking a 25.65% YoY jump from ₹768 crore in the year-ago period, according to the company’s investor presentation.

Its operating margin expanded to 23% in Q2FY26, compared to 18% in the same period of FY25, it added.

The Mumbai-headquartered firm’s total orderbook stood at ₹27,415 crore, as on September 30, 2025.

Board declares interim dividend

The board of directors of Mazagon Dock Shipbuilders also declared its first interim dividend of ₹6 per equity share with a face value of ₹5 each, fully paid up for FY25

During the meeting, the board also fixed November 4, 2025, as the record date for determining the eligibility of shareholders to receive the dividend.

“The shareholders, holding shares of the company, in either electronic mode or in physical form, as on the record date, i.e., Tuesday, 04 Nov 2025, shall be eligible to receive the dividend,” it said.

Furthermore, it stated that the payment of the interim dividend would be made to the eligible shareholders on or before November 26, 2025.

Mazagon Dock Shipbuilders shares

Shares of Mazagon Dock had closed 0.16% higher at ₹2,809.90 apiece on the National Stock Exchange (NSE) on Monday. However, the results were reported late in the evening after the markets closed.

The stock has fallen more than 1% over the past five days but gained above 2% over the month. It advanced nearly 1% in the last six months. On a year-to-date basis, it has soared more than 25%.

While the scrip reached a 52-week high of ₹3,775 on May 29, 2025, it touched a year’s low of ₹1,918.05 per equity share on February 19, 2025.

Mazagon Dock Shipbuilders has a total market capitalisation of ₹1.15 lakh crore, as of October 28, 2025.